PricewaterhouseCoopers predicts that while large cap M&A deals will remain challenging in the second half of 2010 due to economic uncertainty, looming tax increases will drive increased middle market deal activity from strategic buyers and financial sponsors. While overall M&A deal value and volume declined in the first half of 2010, credit remains available from banks and other lenders. The report identifies several sectors that are expected to see consolidation and increased deal activity in the second half, including healthcare, oil and gas, power and utilities, and technology.
The document provides housing market statistics for the Greater Toronto Area in December 2012 and for all of 2012. It reports that home sales were down year-over-year in December 2012 but that the average home price increased 6.5% to $478,739. For the full year 2012, sales were down slightly from 2011 but the average home price rose almost 7% to $497,298. The summary also indicates that price growth was strongest for detached homes and that market conditions remained tight for these property types.
Electronic Arts reported stronger-than-expected revenue in Q2 driven by FIFA sales, but shares fell after hours as guidance did not fully reflect the upside. The analyst maintains a Buy rating due to EA's digital strategy and potential to monetize franchises on new platforms. Estimates were revised slightly upward for Q3 and FY2011 to account for the delayed NBA Elite title. The price target is $19 based on a higher forward PE multiple relative to EA's franchises and digital focus. Risks include title performance and macro factors.
Venture capital and buyout fundraising slowed in the fourth quarter of 2006 but both saw record-breaking years. Venture capital funds raised $2.83 billion in the fourth quarter, the lowest amount in three years, but $28.6 billion for the full year, the highest since 2001. Buyout funds raised $17.83 billion in the fourth quarter and $102.9 billion for the full year, an all-time high. The deceleration in fundraising was expected and welcomed as it signals a shift to investing funds already raised.
This document discusses private equity deal flow and mergers and acquisitions in the business products and services industry in 2012. It notes that dealmaking increased significantly in Q4 2012 as investors rushed to close deals before potential tax increases. While overall deal volume was down in 2012, exit activity increased driven largely by secondary buyouts. The document analyzes deal trends by sector and size. It expects continued strong exit activity and a focus on add-on acquisitions in 2013.
The net lease market report for Q1 2017 found that cap rates remained steady for retail properties but increased slightly for office and industrial properties. The supply of net lease properties on the market increased significantly compared to last quarter, driven mainly by a large rise in retail properties. Market participants expect cap rates may increase further by the end of the year as interest rates rise.
The document discusses the rapid growth of China UnionPay (CUP) over the past 8 years. CUP now has over 400 financial institution participants and operates in over 90 countries worldwide. It was established in 2002 by the People's Bank of China to facilitate domestic card and mobile payments. As Chinese citizens began traveling abroad more in the late 2000s, CUP expanded internationally through partnerships with other payment networks to provide global acceptance. The US has filed a WTO complaint against China claiming discrimination against US credit card companies like Discover and MasterCard.
The document summarizes different perspectives on whether family offices should aim primarily for wealth creation or preservation. It includes views from four family office advisers:
1) Catherine Grum of Salamanca Group argues that wealth preservation should always be the starting point, as replicating the level of wealth creation that built the initial fortune may be difficult. Key risks to guard against include unexpected liabilities and potential conflicts between family members.
2) Ron Gong of CTC Consulting discusses how a family's spending rate and poor capital management can pose greater risks than investment performance. Conducting capital sufficiency analysis can educate families on withdrawal rates and developing prudent fiscal policies for each generation.
3) Charlotte Thorne of Capital Generation Partners
The document provides housing market statistics for the Greater Toronto Area in December 2012 and for all of 2012. It reports that home sales were down year-over-year in December 2012 but that the average home price increased 6.5% to $478,739. For the full year 2012, sales were down slightly from 2011 but the average home price rose almost 7% to $497,298. The summary also indicates that price growth was strongest for detached homes and that market conditions remained tight for these property types.
Electronic Arts reported stronger-than-expected revenue in Q2 driven by FIFA sales, but shares fell after hours as guidance did not fully reflect the upside. The analyst maintains a Buy rating due to EA's digital strategy and potential to monetize franchises on new platforms. Estimates were revised slightly upward for Q3 and FY2011 to account for the delayed NBA Elite title. The price target is $19 based on a higher forward PE multiple relative to EA's franchises and digital focus. Risks include title performance and macro factors.
Venture capital and buyout fundraising slowed in the fourth quarter of 2006 but both saw record-breaking years. Venture capital funds raised $2.83 billion in the fourth quarter, the lowest amount in three years, but $28.6 billion for the full year, the highest since 2001. Buyout funds raised $17.83 billion in the fourth quarter and $102.9 billion for the full year, an all-time high. The deceleration in fundraising was expected and welcomed as it signals a shift to investing funds already raised.
This document discusses private equity deal flow and mergers and acquisitions in the business products and services industry in 2012. It notes that dealmaking increased significantly in Q4 2012 as investors rushed to close deals before potential tax increases. While overall deal volume was down in 2012, exit activity increased driven largely by secondary buyouts. The document analyzes deal trends by sector and size. It expects continued strong exit activity and a focus on add-on acquisitions in 2013.
The net lease market report for Q1 2017 found that cap rates remained steady for retail properties but increased slightly for office and industrial properties. The supply of net lease properties on the market increased significantly compared to last quarter, driven mainly by a large rise in retail properties. Market participants expect cap rates may increase further by the end of the year as interest rates rise.
The document discusses the rapid growth of China UnionPay (CUP) over the past 8 years. CUP now has over 400 financial institution participants and operates in over 90 countries worldwide. It was established in 2002 by the People's Bank of China to facilitate domestic card and mobile payments. As Chinese citizens began traveling abroad more in the late 2000s, CUP expanded internationally through partnerships with other payment networks to provide global acceptance. The US has filed a WTO complaint against China claiming discrimination against US credit card companies like Discover and MasterCard.
The document summarizes different perspectives on whether family offices should aim primarily for wealth creation or preservation. It includes views from four family office advisers:
1) Catherine Grum of Salamanca Group argues that wealth preservation should always be the starting point, as replicating the level of wealth creation that built the initial fortune may be difficult. Key risks to guard against include unexpected liabilities and potential conflicts between family members.
2) Ron Gong of CTC Consulting discusses how a family's spending rate and poor capital management can pose greater risks than investment performance. Conducting capital sufficiency analysis can educate families on withdrawal rates and developing prudent fiscal policies for each generation.
3) Charlotte Thorne of Capital Generation Partners
Social media usage has been baked into the business psyche for at least three years and its adoption in the commercial domain continues to grow. So The Marketing Id felt there was sufficient history to determine which of the Fortune 100 (F100) companies have been leading the social media charge.
This document is the annual report for Electronics Boutique Holdings Corp for fiscal year 2003. It summarizes the company's financial performance for the year, including record total revenues of $1.316 billion, record net income of $32.6 million, and comparable store sales growth of 8.3%. It highlights how the company focused exclusively on interactive entertainment, launched a rebranding under the EB Games name, and expanded its pre-owned software business to drive margin growth. The company leveraged these strategic moves to gain market share and deliver strong financial results despite heightened retail competition.
Here is the most recent 4th quarter reports from the Toronto Real Estate Board provided by Richard Silver. Here are the sales and listings of Condominiums or Condos in the Greater Toronto Area. This would include houses, apartments and townhouses...
February 2013's Monthly Indicators report - Boston Real Estate Market TrendsUnit Realty Group
The document provides an overview of housing market indicators for the Greater Boston region in February 2013. Key points include:
- New listings were down 22.2% for single-family homes and 15.5% for condominiums compared to February 2012. Closed sales decreased 7.5% for single-family homes but increased 10.7% for condominiums.
- The median sales price was up 8.8% to $429,900 for single-family homes but down 5.2% to $350,750 for condominiums. Inventory decreased significantly for both property types.
- Affordability was slightly lower and days on market were shorter. The percent of original
September 2013 Multifamily Housing Activity Report – Boston, MA Real EstateUnit Realty Group
Here’s September 2013′s Monthly Multifamily Housing Activity Report from the Greater Boston Association of Realtors®.
What’s Going On In The Market? (Comparing September 2013 to September 2012)
• Closed sales are up
• Median Prices are up
• Days on market are down
• Percentage of Original List Price to Price Received is up
• New Listings are up
Greater Toronto Area REALTORS® reported 5,793 sales in November 2012 – down by 16 per cent compared to November 2011. “Transactions have been down on a year-over-year basis since June, after being up substantially in the last half of 2011 and the first half of 2012. Some buyers pulled
This document provides an overview of the oil and gas industry in India. It includes key statistics on market size and segmentation from 2005-2009, as well as forecasts for market value and volume from 2009-2014. The leading companies in the Indian oil and gas market are profiled, including Indian Oil Corporation Limited, Oil and Natural Gas Corporation Limited, and Reliance Industries Limited. Macroeconomic indicators affecting the oil and gas market such as population, GDP, inflation, and exchange rates are also presented.
The document provides home sales data for the Greater Toronto area in June 2012. It reports that home sales were down 5.4% compared to June 2011, with the largest decline in the City of Toronto at 13%. The average home price increased 7.3% to $508,622 compared to June 2011. Low-rise home types such as detached homes and semis drove the price growth in June.
The document provides housing market statistics for the Greater Toronto Area in February 2012. Some key points:
- Housing sales were up 16% and new listings up 11% compared to February 2011. The average selling price rose 11% to $502,508.
- Detached home sales rose 12% with the average price up 13% to $818,815. Condo apartment sales rose 7% with the average price up 4% to $371,334.
- The market remains tight with slightly more than two months of inventory on average. Strong price growth is expected to continue until more listings enter the market.
The survey found that the average delay in payment fell by 5 days to 17 days between July 2011 and January 2012. However, 62% of businesses still reported an increase in the time it takes customers to pay. Privately owned companies were cited as the worst offenders for late payments. Constant reminding emerged as the most commonly used credit management strategy.
Accountants (Big 4s) Professional Liability (audit analytics 2009)Andres Baytelman
Very interesting figures and exhibitions regarding the potential liability of the external accountancy firms, particularly the Big 4s, in light of their almost absolute presence in every mayor fraud and financial scandal in the past decade.
Global Legal Insights - Mergers & Acquisitions 2017 McCannFitzGerald
Alan Fuller, Aidan Lawlor & Elizabeth Maye co-authored the Irish chapter for Global Legal Insights - Mergers & Acquisitions 2017 published by Global Legal Group Ltd, London.
The top 11 hotel companies by number of guestrooms remained unchanged from the previous year according to Hotels' annual ranking of the largest hotel companies. The first change in the ranking comes from Groupe du Louvre jumping to #12 from acquiring Golden Tulip Hospitality Group. Interstate Hotels & Resorts dropped the most guestrooms but remained ranked at #23 despite adding two hotels to their portfolio through acquisition.
- Housing sales in the Greater Toronto Area decreased 7.1% in October 2012 compared to October 2011, while the average selling price increased 6.2% to $503,479.
- Despite fewer sales, prices continued to rise above the rate of inflation due to low housing supply and ongoing competition between buyers, especially in the market for low-rise homes.
- The annual rate of price growth has been gradually slowing in recent months as the market supply has improved.
Sector and insolvency review winter 2012Sarah Duggan
The latest edition of the Sector and Insolvency Review takes a look at the insolvency market in 2012, comments on the market as a whole since 2009 and provides an insight into our expectations for 2013.
This document describes a volcano experiment involving a chemical reaction between vinegar and baking soda. Students are instructed to model clay into a volcano, add baking soda, food coloring and soap, then pour in vinegar to cause the volcano to erupt as the acidic vinegar reacts with the basic baking soda. Students are asked to observe and write down what happened in the reaction.
The document discusses Italian art from the early 16th century, focusing on developments in Venice and the rise of Mannerism. It describes important works by Venetian painters like Giovanni Bellini, Giorgione, and Titian who experimented with new techniques like oil painting. Titian's large altarpieces and portraits, including the Venus of Urbino, established him as the leading painter in Venice. The document also examines Mannerist artists like Pontormo, Bronzino, and Tintoretto who created elongated figures and distorted forms. Architects like Palladio and Scamozzi designed villas that combined classical elements with innovative spatial arrangements.
The document discusses the origins and composition of galaxies and the universe. It describes that galaxies formed around 10-20 billion years ago from the cosmic big bang. There are three main types of galaxies - spiral, elliptical, and irregular. The Milky Way galaxy, which contains our solar system, is a spiral galaxy around 100,000 light years in diameter.
Baroque art in France was characterized by opulent, large-scale works that served to display the power and authority of the king. The palace of Versailles became the epicenter of the royal court and arts. Nicolas Poussin headed the Academy in France and emphasized line, clear forms, and rational composition over color. In England, the Great Fire of London prompted rebuilding in the Baroque style, including Inigo Jones assimilating classical proportions and forms from Palladio and Christopher Wren drawing from Roman architecture with temple fronts and mathematical precision.
This document summarizes key developments in Northern European art from 1400-1500 CE. It discusses the rise of art in Burgundy and Flanders during this period, with influential artists like Claus Sluter and Melchior Broederlam. It also covers the development of oil painting techniques by early Flemish masters like Jan van Eyck, Rogier van der Weyden, and Hugo van der Goes. Additionally, it mentions innovations in manuscript illumination by the Limbourg Brothers and the growth of printmaking, especially woodcuts and engravings by artists like Martin Schongauer.
The chapter discusses Baroque art in Italy and Spain between 1600-1700. In Italy, key developments included the establishment of the Catholic Church's power through grand architecture projects like St. Peter's Basilica and innovations in sculpture and painting to create emotional drama. Caravaggio influenced other artists with his realistic religious scenes using tenebrism. Ceiling paintings were also used to glorify the church. In Spain, artists like Zurbaran and Velazquez painted dramatic religious scenes and portraits of royalty, with Velazquez employing complex spatial constructions and brushwork.
Social media usage has been baked into the business psyche for at least three years and its adoption in the commercial domain continues to grow. So The Marketing Id felt there was sufficient history to determine which of the Fortune 100 (F100) companies have been leading the social media charge.
This document is the annual report for Electronics Boutique Holdings Corp for fiscal year 2003. It summarizes the company's financial performance for the year, including record total revenues of $1.316 billion, record net income of $32.6 million, and comparable store sales growth of 8.3%. It highlights how the company focused exclusively on interactive entertainment, launched a rebranding under the EB Games name, and expanded its pre-owned software business to drive margin growth. The company leveraged these strategic moves to gain market share and deliver strong financial results despite heightened retail competition.
Here is the most recent 4th quarter reports from the Toronto Real Estate Board provided by Richard Silver. Here are the sales and listings of Condominiums or Condos in the Greater Toronto Area. This would include houses, apartments and townhouses...
February 2013's Monthly Indicators report - Boston Real Estate Market TrendsUnit Realty Group
The document provides an overview of housing market indicators for the Greater Boston region in February 2013. Key points include:
- New listings were down 22.2% for single-family homes and 15.5% for condominiums compared to February 2012. Closed sales decreased 7.5% for single-family homes but increased 10.7% for condominiums.
- The median sales price was up 8.8% to $429,900 for single-family homes but down 5.2% to $350,750 for condominiums. Inventory decreased significantly for both property types.
- Affordability was slightly lower and days on market were shorter. The percent of original
September 2013 Multifamily Housing Activity Report – Boston, MA Real EstateUnit Realty Group
Here’s September 2013′s Monthly Multifamily Housing Activity Report from the Greater Boston Association of Realtors®.
What’s Going On In The Market? (Comparing September 2013 to September 2012)
• Closed sales are up
• Median Prices are up
• Days on market are down
• Percentage of Original List Price to Price Received is up
• New Listings are up
Greater Toronto Area REALTORS® reported 5,793 sales in November 2012 – down by 16 per cent compared to November 2011. “Transactions have been down on a year-over-year basis since June, after being up substantially in the last half of 2011 and the first half of 2012. Some buyers pulled
This document provides an overview of the oil and gas industry in India. It includes key statistics on market size and segmentation from 2005-2009, as well as forecasts for market value and volume from 2009-2014. The leading companies in the Indian oil and gas market are profiled, including Indian Oil Corporation Limited, Oil and Natural Gas Corporation Limited, and Reliance Industries Limited. Macroeconomic indicators affecting the oil and gas market such as population, GDP, inflation, and exchange rates are also presented.
The document provides home sales data for the Greater Toronto area in June 2012. It reports that home sales were down 5.4% compared to June 2011, with the largest decline in the City of Toronto at 13%. The average home price increased 7.3% to $508,622 compared to June 2011. Low-rise home types such as detached homes and semis drove the price growth in June.
The document provides housing market statistics for the Greater Toronto Area in February 2012. Some key points:
- Housing sales were up 16% and new listings up 11% compared to February 2011. The average selling price rose 11% to $502,508.
- Detached home sales rose 12% with the average price up 13% to $818,815. Condo apartment sales rose 7% with the average price up 4% to $371,334.
- The market remains tight with slightly more than two months of inventory on average. Strong price growth is expected to continue until more listings enter the market.
The survey found that the average delay in payment fell by 5 days to 17 days between July 2011 and January 2012. However, 62% of businesses still reported an increase in the time it takes customers to pay. Privately owned companies were cited as the worst offenders for late payments. Constant reminding emerged as the most commonly used credit management strategy.
Accountants (Big 4s) Professional Liability (audit analytics 2009)Andres Baytelman
Very interesting figures and exhibitions regarding the potential liability of the external accountancy firms, particularly the Big 4s, in light of their almost absolute presence in every mayor fraud and financial scandal in the past decade.
Global Legal Insights - Mergers & Acquisitions 2017 McCannFitzGerald
Alan Fuller, Aidan Lawlor & Elizabeth Maye co-authored the Irish chapter for Global Legal Insights - Mergers & Acquisitions 2017 published by Global Legal Group Ltd, London.
The top 11 hotel companies by number of guestrooms remained unchanged from the previous year according to Hotels' annual ranking of the largest hotel companies. The first change in the ranking comes from Groupe du Louvre jumping to #12 from acquiring Golden Tulip Hospitality Group. Interstate Hotels & Resorts dropped the most guestrooms but remained ranked at #23 despite adding two hotels to their portfolio through acquisition.
- Housing sales in the Greater Toronto Area decreased 7.1% in October 2012 compared to October 2011, while the average selling price increased 6.2% to $503,479.
- Despite fewer sales, prices continued to rise above the rate of inflation due to low housing supply and ongoing competition between buyers, especially in the market for low-rise homes.
- The annual rate of price growth has been gradually slowing in recent months as the market supply has improved.
Sector and insolvency review winter 2012Sarah Duggan
The latest edition of the Sector and Insolvency Review takes a look at the insolvency market in 2012, comments on the market as a whole since 2009 and provides an insight into our expectations for 2013.
This document describes a volcano experiment involving a chemical reaction between vinegar and baking soda. Students are instructed to model clay into a volcano, add baking soda, food coloring and soap, then pour in vinegar to cause the volcano to erupt as the acidic vinegar reacts with the basic baking soda. Students are asked to observe and write down what happened in the reaction.
The document discusses Italian art from the early 16th century, focusing on developments in Venice and the rise of Mannerism. It describes important works by Venetian painters like Giovanni Bellini, Giorgione, and Titian who experimented with new techniques like oil painting. Titian's large altarpieces and portraits, including the Venus of Urbino, established him as the leading painter in Venice. The document also examines Mannerist artists like Pontormo, Bronzino, and Tintoretto who created elongated figures and distorted forms. Architects like Palladio and Scamozzi designed villas that combined classical elements with innovative spatial arrangements.
The document discusses the origins and composition of galaxies and the universe. It describes that galaxies formed around 10-20 billion years ago from the cosmic big bang. There are three main types of galaxies - spiral, elliptical, and irregular. The Milky Way galaxy, which contains our solar system, is a spiral galaxy around 100,000 light years in diameter.
Baroque art in France was characterized by opulent, large-scale works that served to display the power and authority of the king. The palace of Versailles became the epicenter of the royal court and arts. Nicolas Poussin headed the Academy in France and emphasized line, clear forms, and rational composition over color. In England, the Great Fire of London prompted rebuilding in the Baroque style, including Inigo Jones assimilating classical proportions and forms from Palladio and Christopher Wren drawing from Roman architecture with temple fronts and mathematical precision.
This document summarizes key developments in Northern European art from 1400-1500 CE. It discusses the rise of art in Burgundy and Flanders during this period, with influential artists like Claus Sluter and Melchior Broederlam. It also covers the development of oil painting techniques by early Flemish masters like Jan van Eyck, Rogier van der Weyden, and Hugo van der Goes. Additionally, it mentions innovations in manuscript illumination by the Limbourg Brothers and the growth of printmaking, especially woodcuts and engravings by artists like Martin Schongauer.
The chapter discusses Baroque art in Italy and Spain between 1600-1700. In Italy, key developments included the establishment of the Catholic Church's power through grand architecture projects like St. Peter's Basilica and innovations in sculpture and painting to create emotional drama. Caravaggio influenced other artists with his realistic religious scenes using tenebrism. Ceiling paintings were also used to glorify the church. In Spain, artists like Zurbaran and Velazquez painted dramatic religious scenes and portraits of royalty, with Velazquez employing complex spatial constructions and brushwork.
This document provides an overview of art in Northern Europe and Spain during the 16th century. It discusses the effects of the Protestant Reformation on patronage of the arts. Key artists mentioned include Matthias Grunewald and his Isenheim Altarpiece, Albrecht Durer who blended Northern and Italian Renaissance styles in works like Knight, Death and the Devil, and Hans Holbein the Younger's realistic portraiture including The Ambassadors. Pieter Bruegel the Elder is noted for paintings depicting peasant life and proverbs. The styles and subjects of these major 16th century Northern European artists are compared to 15th century Northern art and Italian Renaissance art.
The document provides information on several notable Renaissance artists in Italy such as Leonardo da Vinci, Raphael, and Michelangelo. It discusses their most famous works including Leonardo's Mona Lisa and Last Supper, Raphael's School of Athens fresco, and Michelangelo's David statue and frescoes in the Sistine Chapel ceiling. The document also includes images and details about their paintings, sculptures, and architectural works from the 15th-16th centuries.
This document contains MATLAB code for an assignment on adaptive signal processing. It includes code to:
1. Generate autoregressive processes and apply the LMS algorithm to estimate filter coefficients.
2. Compare the theoretical and experimental learning curves for an adaptive filter estimating coefficients of an AR(2) process.
3. Estimate the impulse response of a channel equalizer using LMS adaptation and observe the learning curve and estimated taps.
The code contains comments explaining the steps and outputs learning curves, estimated filter weights, and channel impulse responses for analysis. It was written by Mayank Awasthi, an IIT Roorkee student, for an assignment on adaptive filtering techniques.
The document summarizes artistic styles and developments in Europe and America between 1700-1800. It describes the Rococo style as delicate and focused on themes of love. The Enlightenment emphasized rational thought and scientific questioning of beliefs. Neoclassicism emerged in the late 18th century reflecting interest in antiquity and reinforcing Enlightenment ideals through themes of honor and civic duty in rational, balanced compositions.
The document summarizes a report by PricewaterhouseCoopers on US IPO activity in the second quarter of 2010. It finds that the number of IPOs in Q2 2010 nearly tripled that of Q2 2009, with 39 IPOs raising $5.1 billion compared to 12 IPOs raising $1.6 billion the prior year. Financial sponsors accounted for 84% of proceeds, and while IPO volume increased, the number of deals declined month over month in Q2 2010. The IPO pipeline remains robust for the remainder of the year.
Este documento reflete sobre as lições de Mahatma Gandhi sobre paz, humildade, perdão e verdade. Citando Gandhi, enfatiza a importância de orar com humildade, dizer a verdade com coragem e perdoar aqueles que nos ofendem. Conclui que, independentemente de ideologias, todos desejam paz e que devemos semear bondade para colher bondade.
O documento descreve um empreendimento imobiliário com 2 blocos, um com 8 andares e outro com 9, totalizando 100 unidades distribuídas em 6 unidades por andar. A maioria das unidades possui 3 quartos e 1 suíte, com metragens entre 75 a 76m2, além de 12 duplex com 3 quartos e 1 suíte e metragens entre 151 a 156m2. O empreendimento contará com hall de entrada, brinquedoteca, salão de festas, sala de internet, sala de repouso, academia, área de lazer e piscina.
O documento discute as tendências do crescimento urbano, com cidades cada vez maiores e mais populares, atraindo talentos e inovação. Isso cria novas oportunidades para empresas que possam se adaptar às culturas e estilos de vida urbanos, oferecendo produtos e experiências específicas para as cidades de forma sustentável.
El documento presenta los resultados de una encuesta sobre tres marcas de guitarras eléctricas: Gibson, Fender y Washburn. Los participantes calificaron sus preferencias por cada marca de 0 a 100, con Gibson recibiendo las calificaciones más altas y Washburn las más bajas.
O documento descreve um empreendimento residencial chamado Vert Vita Bosque Residencial localizado na cidade de Taquara. O empreendimento terá 470 unidades distribuídas em 9 blocos, com áreas de lazer que incluem piscinas, quadra esportiva, salão de festas e bosque com diferentes espaços de lazer. O objetivo é oferecer qualidade de vida próxima ao centro da cidade em um ambiente tranquilo e arborizado.
Apresentação caesar park agra one reduzidaMad Mary
As vendas da empresa aumentaram 10% no último trimestre em comparação com o ano anterior, impulsionadas principalmente por novos produtos lançados recentemente. No entanto, os custos de produção também aumentaram devido ao aumento dos preços das matérias-primas, resultando em uma margem bruta estável. Para o próximo trimestre, a administração planeja controlar custos e expandir para novos mercados para apoiar o crescimento contínuo.
Este documento descreve o projeto "AJURI da Ecologia" lançado pela Associação Franciscana Missionária de Manaus para promover a conscientização ambiental. O projeto visa educar as pessoas sobre a importância da preservação da Amazônia por meio de palestras, cursos e ações concretas nas comunidades locais.
Venture capital fundraising remained slow in Q3 2003, with 19 funds raising $1.4 billion, a 50% decrease in funds and 35% decrease in capital raised over Q2 2003. Although many top venture firms are preparing new funds, an increase in fund closings is not expected for another 6-12 months. There remains an estimated $84 billion in uninvested capital committed to venture funds, with about $35-40 billion available for new investments. Follow-on funds continued to dominate fundraising, accounting for 73.3% of funds raised in Q3 2003.
Corporate venture capital investment reached its highest level since 2002 in the second quarter of 2006 according to a MoneyTree Report. Corporate venture groups participated in 195 deals totaling $602.5 million during this period, with strength seen in software and life sciences deals. The resurgence in corporate venture investment demonstrates reviving corporate confidence in the economy and increased profitability since the tech bubble burst.
Deloitte India: The beginning of new M&A sessionaakash malhotra
The document discusses trends in mergers and acquisitions (M&A) activity. Some of the key points include:
- Global M&A deal value reached $3.1 trillion in 2018, though the number of megadeals declined. Divestments reached $472 billion, one of the highest levels since 2007.
- Factors like large corporate cash reserves, increased private equity activity, and US tax reform are fueling more M&A deals in 2018. Disruptive technologies are also prompting acquisitions across sectors.
- However, increasing economic uncertainties, trade tensions, and regulatory complexity may challenge the sustainability of high dealmaking. Careful target selection and execution will be important for
The document provides an overview of various economic metrics and trends including:
1) Key stock market indexes and bond yields declined over the past quarter but have shown growth over the past year.
2) Worldwide and US M&A activity is up sharply year-to-date, though concerns exist that credit issues could slow future deals.
3) Private equity continues to outperform public markets and charge high fees, though most funds commit a modest percentage of assets.
3) US economic growth has declined steadily over the past decades and has not exceeded 4% since 2000, which may constrain stock market returns.
JPMorgan Chase Acquires the Deposits, Assets and Certain Liabilities of Washi...finance2
JPMorgan Chase acquired the banking operations of Washington Mutual from the FDIC. This expanded JPMorgan's branch network significantly and added over $900 billion in deposits. The acquisition was expected to be immediately accretive to JPMorgan's earnings and add over 50 cents per share in profits in 2009. JPMorgan planned to integrate Washington Mutual's systems and rebrand its branches over the next two years while minimizing branch closures.
Private equity fundraising reached record levels in 2005, with buyout funds raising $86.2 billion, the highest amount ever recorded. Venture capital funds also saw strong fundraising, raising $25.2 billion, the highest since 2001. The surge in buyout fundraising was fueled by 17 mega funds that raised over $67 billion total. Venture capital fundraising was dominated by early stage and balanced funds.
Venture capital fundraising increased significantly in the third quarter of 2004, with 46 funds raising $5.5 billion, up 78.4% from the previous quarter. Private equity funds also saw strong fundraising, with 35 funds attracting $14 billion. The president of the NVCA cautioned that firms need to exercise discipline to ensure returns remain high. Follow-on venture funds continued to dominate fundraising, accounting for 84% of funds raised in the first three quarters of 2004.
Hughes Media Law Presents: Cascadia Capital - Venture Funding In Today's Marketguest0855f4
The document discusses venture capital funding in today's marketplace. It provides an overview of Cascadia Capital, an investment bank serving emerging growth and middle market companies. Cascadia Capital offers expertise in mergers and acquisitions, corporate finance, and strategic advisory services across various industries including information technology. The document then reviews the current state of technology M&A, venture capital fundraising and deals, and public company valuations. Overall, activity is increasing from 2009 lows but remains below pre-recession levels as the markets continue to recover.
Middle market M&A deal activity declined significantly in 2Q 2020 due to economic uncertainty caused by COVID-19. While deal valuations remained steady, the number of deals dropped sharply. Private equity fundraising saw a slight increase but remains below historical levels. Leveraged finance markets tightened as lenders took on more risk, resulting in higher interest rates for borrowers.
This publication includes the deal activity in the insurance sector such as overall highlights, key announced transactions, and the outlook ahead. Read our full report to learn more.
Mergers & Acquisitions and Capital Market UpdateSSDlaw
This document discusses recent trends in mergers and acquisitions (M&A) and capital markets. It notes that M&A activity has continued to improve modestly since 2010, driven by the middle market, though a shortage of quality deals remains. Private equity firms have large amounts of uninvested capital putting upward pressure on valuations. The document also comments on improving unemployment, consumer confidence, and strategic buyer confidence supporting continued M&A activity in 2012. However, a potential increase in capital gains tax rates may drive more deals by the end of 2012.
BoyarMiller Breakfast Forum: The Current State of the Capital Markets 2009BoyarMiller
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Pw C Ts Mid Year M&A Forecast Release 06.23.10
1. PricewaterhouseCoopers LLP
300 Madison Avenue
New York NY 10017
Telephone (646) 471 4000
Facsimile (646) 471 4100
CONTACTS: Jo Anne Barrameda Kathryn Oliver
Brainerd Communicators, Inc. PricewaterhouseCoopers
barrameda@braincomm.com kathryn.oliver@us.pwc.com
(212) 986-6667 (860) 345-3550
PricewaterhouseCoopers Outlook
While Large Cap Transactions Remain Challenged For Second Half,
Looming Tax Increases Will Light Fire under Middle Market
Merger & Acquisition Activity , according to PricewaterhouseCoopers
Strategic Buyers Demonstrate Deal Expertise in Opportunistic Plays
Financial Sponsors Continue to Invest in Distressed
NEW YORK – JUNE 23, 2010 – Despite earlier improvements in credit and equity markets
and corporate balance sheets, U.S. merger and acquisition (M&A) activity remained sluggish
in the first half of 2010. Unforeseen economic events in the last two months triggered a
global ripple effect reviving sentiments of uncertainty – setting the stage for a challenging
M&A environment for large cap transactions in the second half, according to the Transaction
Services practice at PricewaterhouseCoopers, LLP (PwC). However, PwC contends that the
middle market may be a different story.
“Going into the second half, record dry powder in the private equity space and unprecedented
cash levels on the balance sheets of corporate America will combine with the desire of family
held businesses and private equity backed management teams to sell prior to looming tax
increases,” says Bob Filek, partner with PricewaterhouseCoopers’ Transaction Services.
U.S. M&A activity was down three percent compared with the same period in 2009. The
number of closed deals in the first half of 2010 represents the lowest deal volume this decade,
according to PwC. For the first five months of 2010, there were 2,969 closed deals
representing $317 billion, compared with 3,065 deals valued at $323 billion in the same
period of 2009.
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2. Five months comparison: Value of announced US transactions
($ in billions)
800 700
677 598
600
394 449
400 364
323 317
168 160 37%
35%
200 16% 27% 24%
13% 21% 11%
19% 30%
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Private Equity Corporate % Private equity to total US
Source: Thomson Reuters
Five months comparison: Volume of announced US transactions
(# of deals)
4,754
5,000 4,369
4,223
3,716 3,675 3,824
4,000 3,114
3,069 3,065 2,969
3,000
2,000
19%
13% 15% 17% 17% 17% 16% 17%
1,000 21% 20%
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Private Equity Corporate % Private equity to total US
Source: Thomson Reuters
While deal value and volume are down, willing lenders and open credits markets are
available for transactions, according to PwC. “Banks and institutions are providing capital to
execute deals,” says Greg Peterson, partner with PricewaterhouseCoopers’ Transaction
Services. “They are lending more conservatively , but credit is available from a variety of
sources and in a variety of types – including traditional leveraged loans.”
Corporate buyers continue to employ strategic deal making, pursing attractively valued
companies and seekin g out ‘mergers of productivity’ as a means to capture benefits of scale
and cost savings , maintains Filek. “Companies are taking advantage of depressed valuations
– looking for deals to grow and diversify at discounted prices. Even with the uncertainty in
Europe, a hesitant consumer and volatile markets , it’s still an attractive time to buy.”
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3. The median deal size in the first half was $107 million, indicating that smaller, middle market
deals have become the new ‘normal.’ “While there is still ambition t o complete mega deals,
the ‘hit rate’ will be low. The sweet spot for deals will be one to five billion dollars and
below, with a mega deal or two sprinkled in ,” says PwC’s Peterson.
PwC expects divestitures, carve-outs and spin-offs to continue to contribute to deal activity as
companies separate certain assets and operations no longer seen as core to the business. The
likely candidates to acquire these assets are private equity players who have strong
relationships with large corporations that may be interested in selling certain assets. Business
units within the industrial products and technology sectors are among the industries where
PwC expects to see increased divestiture activity.
“Private equity players will also remain active in the distressed area, using their debt, hedge
and distressed funds to find deals in untraditional ways,” continues Peterson. “While there
are concerns about stricter regulation for certain alternative investment classes, private
equity is a resilient and innovative business run by sophisticated investors who will still get
deals done, regardless of what transpires in Washington.”
The current private equity overhang at nearly $850 billion (three and a half times the
overhang in 2000) represents 54% of all capital commitments made between 2004 and 2009.
Over 85% of the $850 billion is in funds larger than $1 billion, including 48% in funds larger
than $5 billion, according to Cambridge Associates.
Declining values of the Euro and Pound are also providing a strong backdrop for cross-border
deals, particularly in Europe. “Typically, during U.S. downturns, European companies take
advantage of a poor U.S. economy, but this time, foreign buyers have to deal with issues at
home, including a challenging financing market, reduced demand and declining currency
values ,” according to PwC’s Filek. “As a result, we expect the inverse to occur. U.S.
corporate s are going to see good opportunities to acquire high quality franchises and brands
in Europe .”
Sectors ripe for consolidation include:
§ Aerospace & Defense – Activity in the security, surveillance and homeland security
sectors are expected to continue as suppliers seek to diversify their offerings and seek
growth areas away from traditional defense budgets. Look for organizational conflict of
interest concerns to drive some activity, with A&D companies evaluating options to exit
such activities through a sales process.
§ Automotive – With crashing 2009 assembly volumes in the rear-view mirror, companies
with strong balance sheets and access to capital are poised to re-enter the deal market.
Over the next three to five years, M&A will be driven by new technologies, regulations
and consumer requirements. T ier one suppliers will work to realign their product
portfolios to take advantage of the restructured industry. Developed markets will focus
on fuel economy, hybrid and electric vehicles and infotainment and communications in
vehicles , while developing markets will focus on delivering low cost vehicles and
acquiring technologies.
§ Entertainment, Media & Communications – Private equity interest remains strong with
new investment in and through platform companies. High-profile acquisitions over the
past several years, as well as numerous middle-market acquisitions, have led private
equity’s interest and influence via platform investments to expand across the E&M
landscape. As private equity investors continue to assess the cyclical and structural issues
Page 3
4. within certain E&M subsectors, PwC expects that interest to permeate even further via
bolt-on acquisitions as well as new platform company investments. Additionally, more
traditional, well-capitalized corporates in this space appear to be stabilizing and interested
in potential M&A activity.
§ Financial Services – Until the impact of U.S. financial regulation is fully realized,
uncertainty will be cause for continued stagnation of deals in the sector, other than some
continuing interest in FDIC supported takeovers. However, opportunities exist for
companies to divest non-core assets and consider capital raising alternatives such as debt
or equity raises. Consolidation in the property and casualty insurance is still expected in
light of continued soft pr emium pricing and desire to maximize scale, while life insurance
consolidations will likely continue to be a less active space given returning investment
portfolio valuations and focus on product redesign.
§ Healthcare – As the full impact of U.S. healthcare reform becomes better understood,
look for increased industry M&A and joint venture activity. Consolidation will accelerate
in the services and health insurance/managed care sectors, driven by the need to reduce
costs, increase productivity and develop more integrated business models. Technology
will play an even larger role; and leaders will embrace strategies and innovations that will
lead to more collaboration across all health industry sectors.
§ Oil & Gas – Oil & gas commodity price differential will drive companies to increase
their oil positions through acquisitions. Equipment and service companies will expand
their product and geographic footprint through transactions. The offshore drilling
moratorium will be an obstacle for those highly levered to Gulf of Mexico E&P projects
but will likely not dampen the growing level of transactions in the sector.
§ Power & Utilities – Despite uncertainty surrounding energy policy and regulatory
changes, M&A activity in the sector has been a pleasant surprise, as significant regulated
and merchant company transactions have been announced in the first two quarters of
2010. PwC expects this trend to continue, with a cautious eye towards regulatory
approvals of the announced transactions. IOUs continue to shed non-core assets and
M&A activity remains strong in the renewable space. Expect to see continued sales of
merchant power plants, particularly driven by the current and projected commodity
prices.
§ Retail/Consumer Products – Watch for the strongest sectors to lead the way in
accelerated activity focused on growth. Food and household products companies will
look to expand portfolios and enter emerging markets as a way to boost revenue growth.
Retailers faced with a lackluster U.S. consumer will be focused on business models that
make sense for them in emerging markets. European specialty companies depressed by
the recent downturn could be attractive to opportunistic U.S. buyers.
§ Technology – Record profits and favorable revisions in investors' expectations will drive
M&A as a means of accelerating innovation cycles. The ‘new R&D’ will continue to
drive mid-market transactions. PwC expects software incumbents to round-out offerings
or acquire industry-specific applications and as major hardware players expand into end-
to-end solutions. Look for semiconductor deals to come to the fore as the long-awaited
cyclical rebound begins to take hold. Consumer technology and Internet majors will
continue to work their way along the value chain to capture market and mindshare as
mobile computing, entertainment and communications markets converge on intelligent
and user-friendly devices.
According to PwC, the wild card in the second half will be just how much incentive looming
tax increases give buyers to sell. “The economics could be compelling enough to drive a rush
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